LandBridge Company LLC (NYSE:LB) Shareholders to Receive $0.12 Quarterly Dividend

LandBridge Company LLC (NYSE:LB) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 25th will be given a dividend of $0.12 per share on Thursday, December 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, November 25th.

LandBridge has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LandBridge to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 24.9%.

LandBridge Trading Down 13.3%

Shares of NYSE LB opened at $68.47 on Thursday. The company has a 50-day moving average of $83.60 and a two-hundred day moving average of $73.66. LandBridge has a 1-year low of $43.75 and a 1-year high of $91.69. The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.28 billion, a PE ratio of 60.59 and a beta of 0.19.

LandBridge (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $70.89 million during the quarter, compared to the consensus estimate of $65.94 million. LandBridge had a net margin of 16.49% and a return on equity of 4.75%. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, equities analysts expect that LandBridge will post 1.45 earnings per share for the current fiscal year.

About LandBridge

LandBridge Company (NYSE: LB) is a landowner and infrastructure-focused real estate company serving the energy and industrial sectors. The company owns and manages large tracts of land in the Permian Basin, primarily in West Texas and southeastern New Mexico, one of the leading oil and natural gas producing regions in the United States.

LandBridge generates revenue by providing access to its properties and related resources. Its activities include surface-use agreements, easements, rights-of-way, water services, mineral and royalty interests, and accommodations for energy, logistics, and infrastructure projects.